Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.1% APRnext payment −$1.56 per $10,000 · paid last 24h +0.145%
Price spread now: OKX against Gate−0.272%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$456as in the Funding arb table
Net, price: spread back to 7d avg − costs−$501as in the Price arb table
costs, in and out, $10k−$4764.761% of the position
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 4 days (all we have)+0.195%+$19 · spread now −0.272%, 7d avg −0.020%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.252% cheaper against Gate than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.201%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SHAZ_USDT | 58.810 | 0 | get 0.0000% / 8h | 1h 56m | $183K | $39K | 20x |
| Short | OKX SHAZ-USDT-SWAP | 58.650 | −0.0156 | pay 0.0156% / 8h | 1h 56m | $440K | $259K | 10x |
Gate SHAZ_USDT
OKX SHAZ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$32.81
- Price spread: −0.272% → −0.020%
- −$25.18
- Slippage, 4 orders
- −$451.1
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$534.09
- Costs to cover
- 4.761%
- Break-even
- never at this rate
Slippage from Gate: live order book, 45 min ago; OKX: live order book, 50 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 45 min ago | 25.24 bp | 119.0 bp −$119 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 50 min ago | 10.91 bp | 78.2 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
SHAZ on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SHAZ | −0.3427% | 1h | 58.617 | −0.328% | $1.2M | $273K | 10x | as long as short |
| Binance SHAZUSDT | −0.1642% | 8h | 58.632 | −0.302% | $475K | $1.8M | 10x | as long as short |
| Variational Omni SHAZ | −0.1364% | 8h | 58.734 | −0.129% | $20K | $29K | — | as long as short |
| Bybit SHAZUSDT | −0.0950% | 8h | 58.720 | −0.153% | $153K | $232K | 25x | as long as short |
| KuCoin SHAZUSDTM | −0.0349% | 8h | 58.820 | +0.017% | $74K | $348K | 20x | as long as short |
| edgeX SHAZUSDC | −0.0160% | 4h | 58.730 | −0.135% | $16K | $289K | 10x | as long as short |
| OKX SHAZ-USDT-SWAPshort | −0.0156% | 8h | 58.650 | −0.272% | $440K | $259K | 10x | |
| QFEX SHAZ-USD | 0.0000% | 1h | 58.840 | +0.051% | $1.1M | $1.6M | 10x | as long as short |
| Gate SHAZ_USDTlong | 0.0000% | 8h | 58.810 | long leg | $183K | $39K | 20x | |
| Bitget SHAZUSDT | 0.0000% | 8h | 58.600 | −0.357% | $200K | $150K | 20x | as long as short |
tradeXYZ xyz:SHAZ
Binance SHAZUSDT
Variational Omni SHAZ
Bybit SHAZUSDT
KuCoin SHAZUSDTM
edgeX SHAZUSDC
QFEX SHAZ-USD
Bitget SHAZUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SHAZ-USDT | 0.0000% | 8h | 58.803 | −0.012% | $6K | $40K | 10x | as long as short |
HTX SHAZ-USDT